NYSE:CVXOil and Gas
What Chevron (CVX)'s 20-Year AI Power Deal With Microsoft Means For Shareholders
Earlier this week, Chevron announced a 20-year agreement with Microsoft to develop Project Kilby, a roughly 2.7-gigawatt natural gas-fired power facility in West Texas dedicated to supplying electricity to a Microsoft-operated data center campus starting around 2028.
The deal positions Chevron as an essential energy provider for AI and cloud infrastructure, adding a long-duration, data-center-linked revenue stream that sits alongside its traditional oil and gas operations.
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